Tag: salary cap space

Broncos’ updated salary cap space going into training camp

The Broncos have about $9 million in salary cap space going into training camp.

Ahead of the start of training camp later this month, the Denver Broncos have between $8.8 million to $9.3 million in available salary cap space.

There is a discrepancy between the figures on Spotrac.com ($9.3 million) and OverTheCap.com ($8.8 million), but it seems safe to assume the Broncos have somewhere in the ballpark of about $9 million in cap space.

Any salary cap space that Denver does not use this season will roll over to be added to the team’s 2024 salary cap. For example, if the NFL sets next year’s cap at $230 million and the Broncos have $9 million unused in 2023, Denver’s team-specific cap would be $239 million in 2024.

The Broncos will want to have some cap space available going into the season for any potential injury replacement signings or players acquired by trade or off the waiver wire. Denver might also make another signing or two before the regular season begins (Dalvin Cook is one name to watch).

Broncos training camp will begin on Friday, July 28.

[vertical-gallery id=620142]

Follow the Broncos Wire Podcast:
Apple Podcasts | Spotify | Google Podcasts

Broncos salary cap update going into the summer

The Broncos have around $9 million in remaining salary cap space going into the summer.

[connatix div_id=”3f8b015acdd24c648befc5d5dac47469″ player_id=”afe1e038-d3c2-49c0-922d-6511a229f69c” cid=”7cbcea0d-4ce2-4c75-9a8d-fbe02a192c24″]

Even after signing outside linebacker Frank Clark to a one-year deal, the Denver Broncos still have a healthy salary cap situation.

The team’s exact cap space is hard to estimate and different sources return different totals. NFLPA records indicate Denver has $6,551,130 in cap space, but that total lists 91 players on the roster and it’s outdated (the Broncos currently have 90 players on the roster).

OverTheCap.com, a website that tracks NFL cap space, projects that Denver has $8,805,976 in remaining salary cap space. It appears that the OTC total is a little too low.

Last week — after the Clark signing — ESPN’s Field Yates shared a list of the official cap space for all 32 teams. The Broncos have exactly $9,451,530 in remaining camp space, if Yates’ information is accurate.

With some creative cap work — such as restructuring select contracts — Denver could find room to add another big-name free agent such as running back Dalvin Cook. Otherwise, the team’s unused cap space from this season will roll over and be added to the team’s 2024 salary cap total.

[vertical-gallery id=620142]

Follow the Broncos Wire Podcast:
Apple Podcasts | Spotify | Google Podcasts

Jaguars carrying just $5.5 million in dead money for 2023 season

Only four teams are on the hook for less dead money than the Jaguars for the 2023 season.

The Jacksonville Jaguars carried close to $35 million in dead money against the salary cap in 2022. That won’t be the case at all next season, though.

Dead money is a term used to describe salary cap hits for players who are no longer on the roster. For example, $9.9 million of the Jaguars’ salary cap space in 2022 was allocated to linebacker Joe Schobert, who was traded by the team in August 2021 just one year after signing a five-year deal in 2020.

According to Over The Cap, the Jaguars are currently on the hook for just $5.5 million from players who aren’t currently on the roster. Only four teams are carrying less dead space right now than Jacksonville. The Tampa Bay Buccaneers and Los Angeles Rams both have more than $74 million in dead money for the 2023 season.

Here are the five former Jaguars players who will count against the team’s salary cap in 2023:

Raiders free up cap space with Chandler Jones contract restructure

Raiders restructure Chandler Jones contract to free up over $5 million in cap room

Just hours after the Raiders added pass rusher Tyree Wilson to the defense with their pick at seven overall, they made a move to clear cap space by restructuring the contract of the guy with whom Wilson could split time this season.

Chandler Jones has restructured his deal to free up over $5 million in cap space for the Raiders, according to ESPN’s Field Yates.

This is money they could need to sign their draft class as well as any free agents they still wish to add this offseason.

As it stood, they were just shy of having enough money to sign their draft class with their available cap space coming into it. It was about a million dollars they needed to find, which is pretty easy in terms of restructures. Now they have that and more.

Wilson will be competing for playing time this season and it would be the 33-year-old Jones who sees less snaps if the rookie is ahead of schedule.

Updated look at Chiefs’ cap space ahead of 2023 NFL draft

The #Chiefs are in a manageable spot with their salary cap space as they head into the 2023 NFL draft.

The Kansas City Chiefs are zeroed in on the 2023 NFL draft, which is set to begin on Thursday, April 27.

Thankfully, the team won’t have to worry much about their salary-cap situation while they add new players via the draft. According to the folks at Over the Cap, with 65 players under contract and only the top 51 contracts eligible for the salary cap, the Chiefs currently have $3.8 million in cap space available. That includes recently signed free agents such as QB Blaine Gabbert, WR Justin Watson and WR Richie James.

That note on the top 51 contracts is important when considering how much cap space Chiefs’ cap guru Brandt Tillis will need to sign the 2023 NFL draft class. Assuming that the Chiefs keep all 10 of their picks, only four of those picks will receive contracts that impact the cap. They’ll need roughly $2.9 million in cap space to satisfy the first-year cap hit for their rookie pool.

Should Brett Veach make some trades in the earliest rounds of the draft, that number could be even smaller. When the draft and signing of undrafted free agents is concluded, Kansas City should still have around $1 million in cap space available to toy with. They also still have several different ways they can free cap space later this summer, including an extension for DT Chris Jones who carries a $28.2 million cap hit in 2023.

[lawrence-auto-related count=3 category=1]

[mm-video type=playlist id=01eqbwa53mtds520q2 player_id=01eqbvhghtkmz2182d image=]

Contract details for new Chiefs QB Blaine Gabbert revealed

The contract details for new #Chiefs QB Blaine Gabbert’s one-year deal have been revealed.

The Kansas City Chiefs officially signed former Tampa Bay Buccaneers QB Blaine Gabbert on a one-year contract last week. Gabbert joins a crowded quarterback room behind Patrick Mahomes, now working alongside Shane Buechele and Chris Oladokun.

According to the folks at Over The Cap, the 33-year-old received a veteran salary benefit with a $1.165 million base salary in 2023. He’ll also get a $152K signing bonus and $940K guaranteed at signing. During the 2023 NFL season, he’ll count $1,092,500 against the salary cap. They’re not saving much against the cap with this type of VSB contract, but they’re also not paying the full amount. Right now, Gabbert’s contract comes in with the 31st biggest cap hit for Kansas City.

It’s a bit surprising that Gabbert didn’t fetch more from a team looking for a veteran backup quarterback. He just worked behind Tom Brady for four seasons in Tampa Bay. It really suggests that the Missouri native was thinking about fit and coming back to the Midwest. 

While the Chiefs have maintained a veteran backup quarterback during the entirety of the Mahomes era, this contract hardly suggests that Gabbert is a lock to make the team. While the Chiefs wouldn’t save any money by releasing him, it’s not exactly a significant number of dead cap space to incur if Buechele were to beat him out for the No. 2 job.

[lawrence-auto-related count=3 category=217675258]

Colts salary cap update after DeForest Buckner restructure

An updated look at the Colts’ salary-cap space.

The Indianapolis Colts restructured the contract of defensive tackle DeForest Buckner, saving $2.5 million against the salary cap for the 2023 season.

While a restructure wasn’t necessary, this does give the Colts a bit more room to work with in order to make some moves ahead of the 2023 NFL draft, which is just a few weeks away.

According to Over The Cap, the Colts now have roughly $22.4 million in salary-cap space (fourth most) and roughly $14.8 million in effective salary-cap space (fifth most).

The effective salary-cap space differs because it takes into account the projected rookie contracts set to come in at the end of the month.

There is usually a reason the Colts would convert part of Buckner’s base salary into a signing bonus. They wouldn’t do so unless they wanted extra cap space to work with in order to get some type of deal done.

Considering they could have converted almost all of the $18.75 million base salary but chose to only convert $5 million suggests a potential incoming move won’t be a big one.

The Colts still have needs to address in free agency, and they should do so before the draft. Adding to the cornerback room and offensive line are two of the biggest needs for the Colts outside of the quarterback position.

There are potential contract extensions for running back Jonathan Taylor and wide receiver Michael Pittman Jr. to consider for later in the offseason as well.

The Colts also can still create some space by releasing quarterback Nick Foles, which would save roughly $2.1 million against the cap.

We should know soon why the Colts decided to convert some of Buckner’s base salary, and they’re now among the leaders in salary-cap space for the moment.

[mm-video type=video id=01gxrmt5h0xqh37r711q playlist_id=01eqbwdn1cy47y964q player_id=01eqbvhghtkmz2182d image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gxrmt5h0xqh37r711q/01gxrmt5h0xqh37r711q-d1d13816fea71187be693b4409e42cf4.jpg]

Like Colts Wire on Facebook
Follow Colts Wire on Twitter
Follow Kevin on Twitter (@KevinHickey11)

Chargers restructure contracts of Joey Bosa, Khalil Mack ahead of free agency

The Chargers continue to create salary cap space ahead of free agency.

Joey Bosa and Khalil Mack restructured their contracts on Saturday, creating a total of $25.99 million in cap space for the Chargers, according to ESPN’s Field Yates.

Los Angeles converted $22.835 million of Bosa’s base salary to a bonus that nearly cut his cap number to $15.776 million, according to Over the Cap.

Mack’s $21.553 million base salary was converted to a bonus that will be prorated over two seasons and reduced his 2023 cap hit to $16.6 million.

Keenan Allen and Mike Williams had their contracts restructured earlier this week, which created $14.37 million in space.

While it’s ideal this year, the Chargers’ cap situation will be tricky next offseason. Mack’s cap hit for 2024 is $38.5 million, Bosa’s is $36.6 million, Allen’s is $34.7 million and Williams’ is $32.5 million.

L.A. entered the offseason $20.5 million over the salary cap.

Now that they’re cap compliant before the new league year begins this Wednesday, the Chargers’ priority will be re-signing their internal free agents, which is headlined by Drue Tranquill, Trey Pipkins and Morgan Fox.

Additionally, they will need to sign Justin Herbert to a long-term contract extension.

The Vikings saw their cap space rise on Monday

With the numbers coming out for incentives, the Vikings saw their functional cap space rise

Every year, there are mitigating factors in terms of incentives. Those incentives are grouped into two different categories likely and unlikely to be earned.

The salary cap numbers have come out including those and rollover from the previous year and the Minnesota Vikings salary cap number will be $221, 697,003. That number ranks 31st in the National Football League only ahead of the Kansas City Chiefs.

With this number being below the $224.8 million that the cap was set at, how did the Vikings gain cap space? It’s simple. Our friends at Over The Cap overestimated how much space we would lose. They had the Vikings using a functional salary cap of $220,953,003, which essentially means the Vikings gain $744,000 in cap space based on the projections we were using from Over The Cap.

With all that said, the Vikings are sitting at $14,931,007 in functional cap space after the release of Eric Kendricks.

[lawrence-auto-related count=5 category=595425073]

5 moves Colts could make to add $45 million in salary cap space

Here are five moves the Colts could make to create roughly $45 million in salary cap space.

Though much of the focus for the Indianapolis Colts surrounds the incoming rookie quarterback, there are some moves they need to make in order to save some money against the salary cap.

Unlike most offseasons, the Colts aren’t flush with cash. According to Over The Cap, the Colts currently sit with $12.2 million in salary-cap space and $4.7 million projected after rookie contracts. That’s not a whole lot to work with considering the needs they must address.

We shouldn’t expect the Colts to go wild in free agency even if they were to make every move here to free up significant salary cap space. But with a rich contract coming in from a top-four selection in the draft, along with any other free agents, the Colts need to make room.

Not all of these suggestions will come to fruition, but there is a path for the Colts to clear a significant amount of salary-cap space this offseason.

Here are five moves they could make to free up roughly $45 million against the cap: